The Seattle Times recently reported that housing prices in King County are more affordable now than it has been in 17 years.
The AP reports that Social Security recipients will receive a 3.6% cost of living adjustment for 2012. It has been two years since the last increase for recipients.
About 8 million people who receive Supplemental Security Incomewill also receive the 3.6 percent cost-of-living adjustment, or COLA, meaning the announcement will affect about one in five U.S. residents.
Monthly Social Security payments average $1,082, or about $13,000 a year. A 3.6 percent increase will amount to about $39 a month, or just over $467 a year, on average.
The Seattle Times has a report on the Seattle Mariners key minority owner Chris Larson and his mounting debt. Court papers in his divorce show that Larson, a minority owner holding over 30% of the baseball team, lived a lavish lifestyle but the recent downturn in the economy has hurt his finances. [Read more…]